20 LAWS OF MARYLAND [CH. 4
The ordinance to be submitted to the legal voters of Baltimore City,
or the resolution of the Commissioners of Finance authorizing the
issuance of said bonds, or any portion thereof, as the case may be,
shall set forth in detail the dates when any of the bonds are to mature
and the amount to mature upon such dates.
Sec. 3. And be it further enacted, That the actual cash proceeds
derived from the sale of the bonds authorized to be issued under the
provisions of this Act, not exceeding the par value thereof, shall be
used exclusively for the following purposes, to wit:
(a) So much thereof as may be necessary, in addition to the
premiums realized from the sale, if any, for the cost of issuance,
including the expense of engraving, printing, advertising, attorney's
fees, and all other incidental expenses connected therewith; and
(b) Three Million Dollars ($3,000,000.00) of such proceeds shall
(A) THREE MILLION DOLLARS ($3,000,000.00) OF SUCH
PROCEEDS (LESS SO MUCH THEREOF AS MAY BE NECES-
SARY, IN ADDITION TO THE PREMIUMS REALIZED FROM
THE SALE, IF ANY, FOR THE COST OF ISSUANCE, INCLUD-
ING THE EXPENSE OF ENGRAVING, PRINTING, ADVERTIS-
ING, ATTORNEYS' FEES, AND ALL OTHER INCIDENTAL
EXPENSES CONNECTED THEREWITH) SHALL be used for
the acquisition, by purchase, lease, condemnation or any other
legal means, of land or property, or any rights or interests there-
in, in the City of Baltimore, and for developing, establishing,
constructing, erecting, altering, expanding, enlarging, improving and
equipping buildings, structures and other facilities on, under or in
said land or property, or on, under or in any land or property that is
now or hereafter may be owned or otherwise held or controlled by
the Mayor and City Council of Baltimore, or on, under or in any land
or property owned or otherwise held or controlled by any private,
public or quasi-public corporation, partnership, association, person
or other legal entity, for storing, parking and servicing self-pro-
pelled vehicles, and for the payment of any and all necessary or
proper costs and expenses connected with, or incident to doing any
or all of the aforegoing acts or things; and such proceeds may be
used for any or all of the matters or things hereinbefore mentioned
in connection with an underground structure or facility for storing,
parking and servicing self-propelled vehicles (hereafter called "park-
ing facility") where another building, structure or facility (here-
after called "additional structure") is to be or may be established
constructed or erected in whole or in part above, under, in connec-
tion with or adjacent to a parking facility, provided that none of
such proceeds shall be used for or in connection with the construction
or erection of such additional structure, or any part thereof, or for
strengthening or adding to a parking facility in any manner necessi-
tated by or in connection with the construction or erection of such
additional structure; and
(c) The remainder of such proceeds, after providing for the pay-
ment of the items mentioned in subparagraph (a) hereof and pro-
viding for the purposes mentioned in subparagraph (b) hereof, may
(B) TWO MILLION DOLLARS ($2,000,000.00) OF SUCH PRO-
CEEDS (LESS SO MUCH THEREOF AS MAY BE NECESSARY,
IN ADDITION TO THE PREMIUMS REALIZED FROM THE
SALE, IF ANY, FOR THE COST OF ISSUANCE, INCLUDING
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